Paramount Title

12/30/2022

Wishing you a peaceful and prosperous New Year! https://paramounttitlenm.com/

06/08/2022

https://fb.watch/dvP36GJAkg/

06/01/2022

https://conta.cc/3wZ0oo1

Santa Fe and Rio Arriba Counties FACT: At Paramount Title, your closing will always be handled by a licensed New Mexico attorney. Offering: Clear, common-sense communication; Remote Online Closings;

05/30/2022

Paramount Title wishes you a safe and happy Memorial Day.

05/05/2022

Happy Small Business Week! According to the U.S. Small Business Association, there are over 31.7 million small businesses in the United States. Support a small business today!

03/29/2022

BREAKING NEWS - Title Insurance costs in New Mexico to drop 6%

Every two years, New Mexico's title insurance regulator establishes how much title companies can charge for title insurance. On Tuesday, March 29, 2022, the New Mexico Office of Superintendent of Insurance its Final Order in the 2021 Biennial Title Insurance Rate Hearing (Docket No. 2021-0061). The Order commands title insurance companies to lower the price they charge to consumers for title insurance by 6 per cent. The new rates become effective on July 1, 2022.

Title insurance companies will still be able to set their own prices for settlement services.

03/14/2022

New Mexico Supreme Court confirms public's historic right to access the banks and beds of waterways which cross private land.

For over 100 years, New Mexico's Constitution has stated that all waters “belong to the public....” NM Const. Article XVI, Section 2. However, under a law passed in 2015, the Game Commission of the NM Dept. of Game and Fish granted private landowners along the Alamosa, Chama, Pecos, Penasco, and Mimbres rivers "certificates" permitting landowners to restrict the public's use and access to these waterways. The landowners then installed physical barriers to passage along the waterways, including cables, fences, steel barriers, and razor wire across the waterways.

In a ruling announced on March 1, 2022 in Adobe Whitewater Club of New Mexico, et al. v. State Game Commission, Case No. S-1-SC-38195, the NM Supreme Court held that the Game Commission’s issuance of these "certificates" was tantamount to privatization of access to New Mexico rivers and was therefore unconstitutional. The court stated that the "certificates" previously issued to would be voided.

How does this ruling affect landowners with a waterway on their property? Well, New Mexico statute defines a “watercourse” as “any river, creek, arroyo, canyon draw or wash, or any other channel having definite banks and bed with visible evidence of the occasional flow of water.” Sec. 72-1-1, NMSA 1978. While the Supreme Court’s ruling does not allow the public to trespass across private lands in order to get to the waterways, the ruling makes it clear that private land-owners may not attempt to restrict public access to waterways of any kind by placing obstacles where waterways enter or leave private land. Issuance of the Court’s full written ruling will be forthcoming.

03/11/2022

Paramount Title successfully executes first 100% Remote Online Closing under New Mexico's new Remote Online Notary statute

On February 24, 2022, Paramount Title recorded a conveyance with the Rio Arriba County Clerk's Office which was fully-executed utilizing Remote Online Notarization. The buyer and seller appeared before Paramount Title's Settlement Attorney, Thomas Banner, and executed all documents necessary for the transaction to close, and to insure title, using eNotaryLog.com's RON virtual closing room platform.

If you are interested in closing your next real estate transaction online, and from the comfort of your home, contact Paramount Title today.

12/25/2021

May your holiday be filled with peace and joy.